CEI Welcomes New Colleagues in Accounting, Lending & Small Business Development

September 2, 2020 (Brunswick, ME) – CEI recently hired six new professionals to join their accounting, lending and business advice teams. They include: Molly Gerencer, loan and investment officer; Mary Cay Harrington, fund accountant; Grace Mo-Phillips, business advisor; John Michael Nadeau, senior accountant; Nikki Yanok, associate loan and investment officer; and Jenn Stein, business advisor & food systems specialist with our Small Business Development advising team.

Maine SBDC & Maine DECD Announce New Micro-Enterprise Grant Program

August 17, 2020 – The Maine Department of Economic & Community Development (DECD) in partnership with the Maine Small Business Development Centers (SBDC) will provide grants of up to $5,000 for businesses with five or fewer employees, with an owner whose income is in the low to moderate range as defined by the Department of Housing and Urban Development (HUD).The money is part of the $11 million Maine received from the federal CARES Act for its Community Development Block Grant (CDBG) program. Approximately $2 million of the allocation is being made available through the Micro-Enterprise Grant Program in partnership with the Maine Small Business Development Center. The funds for the program are being distributed through Androscoggin Valley Council of Governments (AVCOG), Coastal Enterprises, Inc. (CEI), Northern Maine Development Commission (NMDC), and Southern Maine Planning & Development Commission (SMPDC).

CEI’s Mission-Driven Advice and Financing Helps Small Businesses Manage through the COVID Pandemic

June 11, 2020 (Brunswick, ME) – Small businesses are the core of Maine’s economy. In 2019, businesses defined by the U.S. Small Business Administration (SBA) as “small” (with fewer than 500 employees) made up 99 percent of all Maine Business and employed over half of the State’s workforce[i]. When the COVID-19 pandemic forced many small businesses to close their doors in response to health concerns and state guidelines, the impact was felt immediately. 

Mission-Driven Lenders Offer Loans to Boost Business Recovery

May 18, 2020 (Brunswick, ME) – Coastal Enterprises, Inc. (CEI), Community Concepts Finance Corp and MaineStream Finance are offering special loan products supported by SBA funds in a collaboration to help businesses across Maine gain access to the capital they need to rebuild from the devastating impact of the COVID-19 pandemic.  

The CEI offices remain closed to the public, but we're hard at work! Reach out or click here for a list of COVID-19 Business Resources.